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, that the debt ceiling cuts will continue to just cap a little bit. but not saying we will collapse at all. i think we are just stuck here. >> but the benchmark numbers are still in place. >> absolutely. 1500 is a big psychological number. >> all right. pork chops and apples and cinnamon. you will get your own show one day, right? we'll all be history. >>> in n just about three hours, apple, as kenny just mentioned, will release its eagerly awaited first earnings report. the stock is down about 25%, all about concernses on the growth of its iphone and ipad sales. so, what do investors need to focus on? john knows and he joins us live from san jose, california. hi, john? >> hi, sue. iphone sales are the number one thing this corner. i think we will see another level of demand elasticity in the flag ship product. not just about the iphone five. if apple does better in consensus than iphone sales, it will be the older iphone 4 and 4 s remained far more popular than people expected in halftime, highlighted the fact that apple's old iphone outsold every android phone on verizon combined. iphone fi
the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan will draft the budget with deeper cuts. that's a carrot to get conservatives to go along but some still want to see cuts first. >> will not vote to raise the debt ceiling unless significant efforts are made to fix the under lying problems. >> reporter: senate democrats hint theology pass a budget but not soon. >> approach that when we need to. >> reporter: the white house says even in short term the president will sign pinpoint >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last tanned if they can't compromise lawmakers' paychecks could take a hit. what's still not known is if this is t
they wouldn't do it unless there were deep cuts for every dollar, for every dollar that the debt ceiling was raised, a dollar in cuts. >> sure. >> let's see what they do tomorrow. >> congresswoman jan schakowsky, thanks for joining us tonight. appreciate it so much there a lot more coming up in the next half hour of "the ed show." stay with us. >> this is our generation's rendezvous with destiny. >> republicans can't win elections with their policies. so rights in the gang are hard at work rigging the electoral college system. the latest stunner from virginia is next. >> he's had it with taxes. he says he's going to take drastic action. he says he's had enough. >> legendary golfer phil mickelson is complaining about his new tax rates. we'll tell you why he should stick to golf. >>> and the pbs series "frontline" is out with a new documentary about a lack of accountability on wall street. >> in the due diligence world, fraud was the f word. you can't use that word. >> correspondent martin smith is here tonight with a preview. wouldn't it be cool if we took the already great sentra apart a
ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget in almost four years. >> the last time they passed a budget, the ipad had not been introduced. >> reporter: paul ryan will draft the republican budget, likely with deeper cuts than the one he offered last year. that's a carrot to get conservatives to go along, some still want to see cuts first. >> i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem. >> reporter: senate democrats hint they will pass a budget, but not necessarily soon. >> we'll approach that when we need to. >> reporter: the white house says even though it's short-term, the president will sign it. >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last stand. if they can't compromise, lawmaker
the debt ceiling until may 19, then resetting the cap to cover any borrowing over the current limit-- $16.4 trillion. and for now, republicans will not force immediate spending cuts. the party's new strategy would achieve that goal by forcing congress to pass a budget. house budget committee chair-- and last year's vice presidential nominee-- paul ryan. >> here's the point, we have a law, it's called the budget act, it requires that congress passes a budget by april 15. all we're saying is, "congress, follow the law, do your work, budget. and the reason for this extension is so we can have the debate we need to have." >> ifill: as added incentive, the house bill says, if there is no budget, then lawmakers won't get paid. after it passed today by a bipartisan vote of 285 to 144, speaker boehner said he's optimistic that will happen. >> if both chambers have a budget. democrat budget from the senate, republican from the house now you've got competing visions, for how we address this problem. out of those competing visions, we're going to find some common ground. >> ifill: but house minority
for dollar cut to match any increase in the debt ceiling. the script in a precedent that will not be taken hostage going forward. so obviously we democrats would prefer a longer-term extension agreement. keeping the nation's creditors in suspense on a monthly basis about whether we're going to fulfill our obligations is not ideal way to the government. but the bottom line, this proposal gives us something we can work within the senate, in the short term, removes the credit default with the long-term benefit they president that will make raising the debt ceiling easier from now on. >> well, for the last several years, congressional republicans have held the full faith and credit of the united states of america hostage to score political ndp 30 party base. consider doing what congress has always done under both parties and allow the government to pay the bills it has occurred, they decided to play a game of chicken with the global economy. up until now, republicans have been all about politics and points coring. the two families who've been watching this debate across the country, it was abo
deal. we can raise the debt ceiling only if we cut government spending as well. where were they during those years? those very difficult years. i have compiled a voting records on the debt increases that president bush requested and i hope i can insert that into the record. >> without objection. new york seek recognition? >> to address the house for one minute and revise and extend my remarks. the speaker pro tempore: the gentlewoman is recognized for one minute. ms. slaughter: i am pleased to rise today to recognize the landmark anniversary of the roe v. wade decision by the supreme court. s the firewall that protects women's health and moved women's health forward. on this 40th anniversary of roe v. wade, we confirm the constitutionally protected right of every woman to safe and legal health care. women are nurturers and when life places a woman in the most difficult of circumstance the choices she needs to make should be free from government interference. over the years i have been proud to stand with many of my colleagues as we have beaten back repeated attempts to chip away at wom
the debt ceiling for three months in exchange for passing a budget. >> it's time for us to come to a plan that will, in fact, balance the budget over the next ten years. >> reporter: today, white house press secretary jay carney indicated the president would not oppose a short-term solution. now, the battles begin in earnest tomorrow when the house is expected to vote on the debt ceiling bill and when secretary of state hillary clinton will face some tough questions from congressional committees when she appears before them to talk about the terrorist attack in benghazi. brian? >> kristen welker on the white house north lawn tonight, thanks. >>> late word tonight that top u.s. commander in afghanistan, general john allen, has been cleared of engaging in any inappropriate behavior regarding his e-mail exchanges with the woman from tampa, jill kelley. this case came to light originally as part of the petraeus affair. and an investigation was launched. >>> the u.s. state department confirms today three americans were indeed killed during that four-day hostage standoff in algeria. seven ameri
to the debt ceiling must be matched by spending cuts. it was the swiftest and most drastic position switch in boehner's speakership. it was not lost on kevin mccarthy who said, "what they'll say after that vote, this is the day of the comeback." maybe if comeback also conotes fractious and uncertain strategy. with no democratic support, the way could go the way of boehner's plan b if just seven republicans break rank. and they still have to contend with the rightward flank. >> you wouldn't believe the number of conservative commentators, hey, you know what, we're going to have to start backing off obama, he's not really a bad guy, not a socialist marxist, he's just a chicago thug. we're becoming isolated on an island here, it's very small. it's a drift out in the middle of nowhere. >> joining us now to discuss this is the sage of capitol hill, nbc's luke russert. luke, it never stops being -- >> how are you? >> i'm great. i'm great. >> thanks for quoting jake sherman. he's a good american. way to quote him on the intro. >> you're welcome. luke, we know that nothing is secure when it comes
on the dealt ceiling. they have the votes to pass a short-term debt ceiling increase today. they will look for deep spending cuts later. it would suspend the debt limit to allow the u.s. to keep borrowing money to pay bills for three months. complicated but politically interesting. in exchange, calling on the senate to pass a budget by spring. >>> so lady fwgaga playing at t inaugural campaign bash for staffers and a special guest with her. tony bennett to sing a duet for "the lady is a tramp" sang they like so much. bennett also performed for several other presidents. >>> tough news for lady gaga. justin bieber passed her on twitter. justin bieber the most followed person on theet earth. approximate 33,300,000. >> i'm sure my daughters follow him. i will have to ask them. maybe i should follow him. >> 33,300,001 with soledad. >>> did beyonce lip sync. here is how it went on inauguration day. ♪ and the rocket's red glare the bombs bursting in air gave proof through the night that our flag was still there ♪ >> so much fun to watch in person. we were really like right up in front. the ma
that any increase in the debt ceiling be matched by spending cuts. is this seen as a political retreat or are they hoping to gain something in return? >> reporter: well, both sides are kind of gloating here and claiming victory. we had a press conference from senate democrats who said this was a victory, the house is now setting a precedent. they're stepping away from the idea that raising the debt ceiling must be accompanied by spending cuts. they're decoupling that which is what the white house and democrats argue what should be done. people on the house side says this forces the hand of the senate. each side is trying to spin this as a victory. certainly the thinking is that at least one of the things that the president said he wanted to do, which is set aside the rest of these fiscal debates and break them apart in the idea of raising the debt ceiling. depends who you ask, martin. >> after the debt ceiling, dairy ask what's sneks is there another potential crisis waiting in the wings? >> reporter: it seems like there's always a crisis. >> it does. >> reporter: we still have the seq
they won the round because the debt ceiling will go up in may. without offsetting spending cuts. republicans counter getting the senate democrats to agree to a budget by april means for the first time in four years congress may be able to show some degree of real fiscal discipline. bret? >> bret: thank you. senate majority leader harry reid hopes to get a deal done soon with republicans over new filibuster rules. they want to require senators to be present when they filibuster. republicans are resisting that. reid hinted he may use the so-called nuclear option to change the rules, with a simple majority of 51 votes instead of the usual two-third. the dow continued its momentum, up for a fourth day if a row today. industrial average gained 67. to reach the highest closing value since halloween of 2007. the s&p 500 finished ahead two. the nasdaq increased 10-1/2. we will hear from the chairman of the house foreign affairs committee a bit later. up next, why you are giving a powerful weapon to enemy of a friend. [ male announcer ] ok, here's the way the system works. let's say you
of this. you are raising the debt ceiling for a few months with no spending cuts. is that a problem? >> the automatic cuts are coming right down the pike. right after that, there will be a continued resolution. another opportunity to rein in that spending. we are all inpatient to get the fiscal house in order, all impatient to make sure that medicare and medicaid are secure, but in the step-by-step process, i think we get there. rich: there are still major differences between democrats and republicans. is there a move on either side? >> i will point out that obamacare is $500 billion in taxes and they are taking it now. the bill was just passed after the new year is 600 billion in new taxes. there are a lot of new taxes. which, by the way, i opposed those. i know the importance of the safety net. we have to come together to save medicare. until there is a blueprint, i do not take we can get there. the good thing about this bill, we can begin moving forward on saving medicare. rich: dennis, you want to jump in here? dennis: which do you think is more important, the no pay or the debt
that they think hitting the debt ceiling is no big deal. we can raise the debt ceiling only if we cut government spending as well. where were they during those years? those very difficult years. i have compiled a voting records on the debt increases that president bush requested and i hope i can insert that into the record. >> without objection. >> many members of this committee routinely voted to raise the debt ceiling even though the money for the tax cuts and the wars were put on an emergency basis for the purpose of hiding the cost. i'm pleased that we're coming around to a more reasonable position today. i hope that we're going find a common path forward on many of these issues. mr. johnson, you state in your testimony that low level employment affects the debt. once the economy recovers fully it will take some of the pressure off of these disus cushions. acknowledging we have long-term challenges we have to address. i've been making this point in my caucus, not to overreact. if we can find the common path forward we find that you can have a conversation that would be worthwhile past the t
strategy. they say they believe they have the votes to pass a short term debt ceiling increase today and seek deep intending cuts later. their plan was to spend the $16.4 trillion debt limit to allow the u.s. to keep borrowing money to pay its bills for another three months, then increase the legal limit to that new debt level. confusing but important politically. in exchange they're calling on the senate to pass a budget by spring. >> rimportant chess move in the debt talks. exit polls from tuesday's election in israel show netanyahu will almost certainly hold on to his job. the surprising surge of a new centrist party has weakened netanyahu's power, but could ease strained relations with the u.s. and signal a good sign for more flexibility for peace efforts. >> so much closer than anyone thought. >>> a candid look at mental illness in a very famous family. mayor yell he called running from crazy. more from her and her documentary coming up. [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more
. there are no spending cuts as part of this. there are a number of republicans who want to increase the debt ceiling only at the congress passes a corresponding number of spending cuts. we have to watch this very closely and make sure it does reach that threshold. it is not necessarily 218. if everyone votes, it will be. if it does pass into the senate, harry reid says they will take it up and they will likely pass it as well. you have to get through this first. we will update you when and if we get there. melissa: another short-term solution. thank you so much. what did the administration know and when? hillary clinton in the hot seat today over the benghazi attack. lou dobbs will weigh in on that. lori: a mixed picture. we are back after this. ♪ >> at 21 minutes past the hour, i am patty and brown with your fox news minute. then yahoo! called early elections three months ago expecting and easy victory. the leader must now build a coalition after a strong showing by a new party. he is expected to keep his job. much of the u.s. experiencing the coldest temperature and two years. four deaths are blamed
for a temporary lift to the debt ceiling. the house is expected to approve legislation on wednesday that would raise the debt limit for three months without any cuts to spending. members of the congress believe they can come up with a spending plan during that window. honda of campbell also introduced legislation for a back up plan that would prevent the worse fiscal cliff. >> i think we should have a process that addresses that so that it doesn't become a barrier or a political football. >> the last time lawmakers fought over the debt ceiling two years ago the country's credit rating was downgraded. >>> on wall street, stocks closed higher despite mixed earnings. >>> president obama began the first day of his second term with a traditional postinaugural prayer service. the president and first lady were joined by vice president biden and his wife at the washington cathedral this morning. the national prayer service dates back to the first inauguration of george washington. the interfaith service included prayers and readings from christian denominations along with islam, judisim and the sikh r
ceiling fight. >> i think there's going to be a whole new field of battle when the debt ceiling rolls around. >> our opportunity here is on the debt ceiling. this is where we have leverage. >> remember that the gop vowing to hold the country hostage for cuts? they had the leverage, getting ready to fight. speaker boehner even tried his hand at extortion saying, "there's a price for everything." but, now, here comes the cave. today, republicans in the house voted to suspend the debt ceiling. what about the hostage-taking? not this time. and remember all the usual bluster in those press conferences of theirs? today, the gop leaders ducked the press. only a few print reporters, boehner's camera man and a lone fox news camera were there to capture their comments in their entirety. huh? so why the sudden change? >> the full faith and credit of the united states of america is not a bargaining chip. we are not a deadbeat nation. >> they will not collect our ransom in exchange for not crashing the american economy. what i will not do is to have that negotiation with the american people. we're
the debt ceiling increase. just as it would be to raise the debt ceiling without any meaningful cuts, just as senator phil graham got back in 1985 i believe it was, with graham-rudman -- graham rudman and so many of the debt increases that accompanied that was part of the deal with restrictions on spending. there are so many things going on in the world today that are just staggering. we know we have secretary of state, hillary clinton, testifying today. one report here today says that secretary clinton quickly interrupted one senator that contradict him and stress that she did not see request for additional security to protect the benghazi mission. extremely unfortunate. that people in our state department committed to helping to this country would make cries for help over a period of months, over a period of years, even going back to when ambassador rice was with the state department, and people were killed an american embassy request had been made for extra security that went unheeded. here it came again and apparently there were a number of people that made requests, including one of t
tomorrow, the boehner ruled but not applied dollar for dollar cuts for the debt ceiling the guided republicans in the last two years or decades and every system that flags for me. i think it's not republicans that are looking for relatives. i think his washington as a whole looking for relevance. we're running trillion dollars deficit is and would be the fifth straight year. the reality is s&p's downgraded. midis has sent the notice and we are still at the nsa's it's still 1995 where we are running dollars deficit. i hope it's not the case, but in the meantime all these games trying to figure out we frequent the, america's sunday aaa -- worthy of aaa rating. that's the serious reality. i hope that doesn't happen, but i don't know how but we can continue to go on. i don't think we have 10 years to somehow find a path to balance. we need to move my quick read. our mission to assessed the question, is very ten-year balanced-budget proposal in their and i don't know the answer. we don't have the numbers from the cbo, but our leadership has to have committed to that, different answers f
and the house. the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, what do you say? the interesting part of this command of one to you what you have to say. apparently the senate will okay this idea that it won't get paid if they don't create a budget. that's not really true. they will get paid, but the money will go into an account somewhere and be held for a while. they eventually will be paid. the end of the day and don't really see any bodies and getting smacked. >> well, the money will be held until the very end of 2014, the end of this congress. another thing people wanted paychecks held for 20 months. at think this is the only thing that got their attention. today democratic senators announce
cuts. it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your job, you shouldn't get paid. that's the basis for no budget, no pay. >> reporter: the bill they will be voting on today calls for a temporary suspension of the debt ceiling until mid-may, but it requires the house and senate to craft budgets by april while members' salaries will be held in escrow. paul ryan explains the strategy. >> in the house, democrats and republicans have been leading by offering budgets and offering alternatives. the senate hasn't even done that. all we're saying is let's get the senate in here to do that to see how we're going to figure out the p
their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both house and senate to pass a budget. if they fail, congress would not get paid. >> you can't go for months and months without a paycheck. and what this does is basically says that your pay gets escrowed, put on hold until you pass a budget. >> reporter: trying to turn up pressure on democrats in the senate, who have not passed a regular budget in four years, relying on this comparison. >> didn't exist the last time the senate passed a budget. >> the last time they passed a budget the ipad hadn't even been introduced. >> it is expected a block of conservatives probably will not su
are fresh off the president's inauguration, it is significant. the fight over the debt ceiling in many ways has defined the last two years as far as spending, because republicans have seen it as a way to leverage some of the spending cuts and long-term deficit reduction plans but would like to see democrats eventually accept. today we will have a vote on whether or not to extend the nation's borrowing limit, how much money you can put on the credit card. the way they see it is house republicans want the senate to finally vote on a full budget of their own. it is something the senate has not done for many years. it is seen as a way for harry reid to have the kind of more vulnerable lawmakers on capitol hill from taking some tough votes. anytime you vote on a full budget, there's a lot of stuff in there, so there's a lot of stuff that people can come after you with. kind of the backdrop here is that house speaker john boehner has had some hiccups or headaches lately. it started late last year when house republicans struggled over how to deal with the george w. bush tax cuts. the house wanted
this last time. president obama agreed to dollar for dollar spending cuts for every dollar the debt cell was raised. it's 22 times we have used the debt ceiling to reinact really substantial reforms. we need those reforms more than ever. the,000 is taking the first step. i hope the senate will do its work and i will push to off-set some of this. >> you don't have a problem with using the debt ceiling as a means to negotiate this. >> i don't. this president won't agree voluntarily to cut a dime of spending and thinks we need more spending, not less. the only time we were able to get him to agree with spending reductions was the last time we were arguing over the debt limit. it's not optimal, not my first choice. i think we have to use whatever tools are available to us. we are on an unsustainable path. the overspending is costing us economic growth and costing us jobs. >> do republicans need a new pr firm or something? if you ask any on the street, why don't we have a budget and what's the problem in washington? nobody says harry reid. do people know that has the way he's running the sena
change from a strategy that they pursued up until this point which is to try to link the debt ceiling to an ideological agenda of spending cuts in which the choice presented to the american people was, either face dramatic cuts in social security or medicare or we'll default on our obligations and wreck the american economy and throw the financial system into crisis. not much of a choice. we are glad to see that that strategy is not being pursued anymore. so this is a welcome development. and as i said yesterday, the president will not stand in the way of this bill becoming law. his interest is in resolving our budget and fiscal issues for the long-term and he looks forward to engaging with congress in building on the accomplishments he's achieved so far in deficit reduction, the $2.5 trillion achieved so far in a balanced way. >> so now that the votes are in from israel, i'm wondering if you would give us some comment on the president's reaction to netanyahu's re-election? not only his re-election but the weakened state of his re-rex, what do you think both the out-- re-election, wha
in the last debt ceiling. do you know this congress is only going to be the third congress since world war ii that cut discretionary spending year over year over year, even in all those terms and newt gingrich during that, they weren't able to do it as many times as we will. we have moved discretionary spending down. we want to see tax reform to expand the economy and go further. this is a succession. that will go into effect. then you have a cr that will go at the end of the month. that is another movement and an opportunity. >> gretchen: all right. congressman kevin mccarthy, nominate you for football coach potentially with your standing ovation. thanks for your time today. >> thanks for having me. >> gretchen: one of the most insane videos you're going to see all day long. (scream) >> gretchen: plane nearly taking out that biker. you might ask yourself what is the biker doing on the tarmac? the whole thing caught on camera. luke perry is back on the rodeo. can he deliver classic lines like this? stick around. >> seeing this world and there is two kinds of people, my friend. those are load
many conservatives are going to be okay with that. then if we when we get to the debt ceiling fight, we're going to ask for at the minimum the one for one cuts that comes from the boehner rule for any long-term debt keeling extension. so if we look at that, it means that in ten to fifteen years, with very little help from the democrats question actually achieve a balance budget. which is much better than the 23 to 27-years thapt paul ryan budget gave us. and much better than the never-balancing budget that obama and the democrats have proposed for the last four years. so you look at all the data out there, all of the public opinion polls say that the american people think we're spending too much money. that the american people think that we are tackings too much. the problem is as republicans i think it goes to representative said as republicans we have seen as the party of big business. we should never be the party of big business. we should be the party of individuals. the party that helps individuals have a fair share. we have a system that is unfair too small businesses to individua
's debt ceiling through may 19. that vote is set for tomorrow. congressman paul ryan, last year's republican vice presidential nominee, said today republicans want to shift the focus to enacting a budget, with major spending cuts. the senate is going on four years now for not having passed a budget. we think this gives us the time we need in this nation to have a good, thorough vigorous and honest debate about what it takes to get our fiscal house in order and about how to budget. families budget. businesses budget. our federal government should budget. >> ifill: the bill also says if lawmakers don't enact a budget with spending cuts, they won't be paid. in the senate, democratic majority leader harry reid declined to comment on that provision, but he did say that, in general, he welcomes the house move. >> i'm very glad that they sent us up a clean... they're going to send us a clean debt ceiling bill. the other stuff on it will athat when we need to. i'm glad we're not facing crisis here in a matter of a few days. >> sreenivasan: president obama said he wanted a longer-term ex
slide. >> right. >> hal: and that's why we have to raise the debt ceiling. that's why we have -- >> paying the bills that we already racked up. so it just seems to clear to me those with two separate arguments. the president discusses how they're two separate arguments yet the media doesn't say it often enough. >> they're going with the republican's narrative on it. >> hal: right. ultimately, i see where they're going for this. the government is expanding so we have to raise the debt ceiling. it is costing more and more money so we have to raise the debt ceiling. there's no point where we've had a vote to lower the debt ceiling because that's ridiculous. you don't have to. it contracts naturally with expenditures. >> you pay the bill. the debt goes down. >> hal: the way it may be handled, as a matter of fact, at one point when our deficit has actually contracted which it has continued to do, as a matter of fact, there was a report done if it contracted faster, it would cause inflation. >> really? >> hal: yeah. so if you look at the arc of it it is going down at a faster rate t
about washington. tulsa and gears up to vote on a temporary debt ceiling height. bad for the economy and jobs. >> i take it is a loser, again this is my opinion. republicans are trying to do cut stores medicare and these are automatic cuts that will happen. they do not want to look like they're trying to stop the economy from functioning. that one-stop social security. they're trying to refocus. >> what i love about this bill is that they're putting a provision in it that if they do not pass and then they will not get paid. >> they have not passed a bill of four years. we often make but as every year and they cannot begin a federal budget done. obama stated that he will get this done. maybe if they do not get paid that will get it done. >> wenner for to that would be the toyota prius hybrid it was the top-selling car in california. toyota is doing very well. toyotas and hondas seem to be the type of car that californians by. uy. the trades big three are hurting. they're not on the list. california tends to be a trend setter. they have more profits. and the reports call the pre is roo
, a spending cut for every dollar that they increase the debt limit. they have at least postponed that for four months, giving the president the debt ceiling increase that he wanted till may. the house passed the measure by 285-144 vote and it's a bipartisan showing on an initiative brought fourth by the republicans to control that chamber, days after president obama gave an inaugural speech at that seemed to carry some pointed attacks directored at the republican party. here are excerpts of that. >> we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. we do not believe that in this country freedom is reserved for the lucky. or happiness for the few. the commitments we made to each other, through medicare, medicaid and social security. these things do not sap our initiative. they strengthen us. [applaus [applause]. they do not make us a nation of takers, they free us to take the risks that make this country great. we, the people, still believe that enduring security and lasting peace d
Search Results 0 to 36 of about 37 (some duplicates have been removed)